Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Q1 2025 Earnings Presentation
23 slides from Byline Bancorp's earnings presentation, Apr 25, 2025
Slide 1: 1Q25 Earnings Presentation
1Q25 Earnings Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections
Slide 3: Leading Chicago Commercial Banking Franchise
Leading Chicago Commercial Banking Franchise Company Overview BY at a Glance ($mm) $1.2 Billion Market Cap(2) Size A leading Chicago commercial bank with the size, scale and product offerings to $9.6 Billion $7.0 Billion $7.6 Billion compete and win in our markets to accelerate value creation for st
Slide 4: First Quarter 2025 Highlights
First Quarter 2025 Highlights Net Income Diluted EPS PTPP ROAA $28.2 million $28.8 million $0.64 $0.65 2.06% 2.09% Reported Adjusted(1) Reported Adjusted(1) Reported(1)(2) Adjusted(1)(2) Efficiency Ratio ROAA ROTCE 53.66% 53.04% 1.25% 1.27% 12.92% 13.14% Reported Adjusted(1) Reported(2) Adjusted(1)(
Slide 5: Loan Portfolio Trends
Loan Portfolio Trends ($ in millions) Total Loan Portfolio and Average Yield Highlights Total loan portfolio was $7.0 billion at 1Q25, an increase of $137.1 million, $6,802 $6,905 $6,899 $6,910 $7,047 or 8.0% annualized from 4Q24 Originated $310.3 million in new loans, net of loan sales in 1Q25
Slide 6: Deposit Trends
Deposit Trends ($ in millions) Deposit Composition Highlights $7,350 $7,347 $7,498 $7,459 $7,553 Total deposits were $7.6 billion, up 5.1% annualized from 4Q24 5.8% 5.8% 6.2% 5.8% 5.7% 17.6% Improved shift in the deposit mix drove down funding costs 21.7% 21.9% 21.9% 20.1% Cost of interest-bea
Slide 7: Net Interest Income and Net Interest Margin Trends
Net Interest Income and Net Interest Margin Trends ($ in millions) Net Interest Income Highlights $88.5 $88.2 Net interest income was $88.2 million, flat from 4Q24 $85.5 $86.5 $87.5 Impacted by two fewer days in the quarter, lower yields on earnings assets, and cash balances Partially offset b
Slide 8: Non-Interest Income Trends
Non-Interest Income Trends ($ in millions) Total Non-Interest Income Highlights $15.5 $16.1 $14.4 $14.9 15% Non-interest income was $14.9 million, down 8.0% from 4Q24 17% $12.8 18% 7% 21% 7% 11% Decrease in net gains on sales of loans, driven by lower 7% 8% 7% 44% volume of guaranteed loans sold
Slide 9: Non-Interest Expense Trends
Non-Interest Expense Trends ($ in millions) Non-Interest Expense Highlights $57.4 $56.4 Non-interest expense of $56.4 million, down 1.7% from 4Q24 and reflects: $53.8 $53.2 $54.3 $1.0 million decrease in salaries and employee benefits due to lower incentive and equity-based compensation expense
Slide 10: Asset Quality Trends
Asset Quality Trends ($ in millions) Net Charge-offs Allowance for Credit Losses (ACL) $102.4 $99.7 $98.4 $98.0 $100.4 $9.5 $8.5 $7.8 $6.2 $2.4 $6.6 0.56% 1.51% 0.49% 1.45% 0.45% 1.44% 1.42% 1.43% 0.37% $9.5 0.39% $7.9 $6.1 $6.0 $6.6 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4
Slide 11: Strong Capital Position
Strong Capital Position Capital Ratios Strong Capital Base Capital Priorities: 14.41% 14.74% 14.86% 13.66% 13.86% 1. Fund Organic Growth 2. Dividend 3. M&A 4. Buyback 9.72% 9.61% 9.95% TCE/TA(1) operating target range is between 8% and 9%: currently at 9.95% 8.76% 8.82% Increased capital ratio
Slide 12: 2025 Strategic Priorities
2025 Strategic Priorities Strengthening our position as the preeminent commercial bank in Chicago Stay Ahead of Regulatory Expectations Maintain Balance Sheet Strength Completing the First Security Fortress level Capital Ratios: acquisition and providing a Prepare for crossing the • TCE Strong liqui
Slide 13: 1Q25 Appendix
1Q25 Earnings Presentation Appendix
Slide 14: Granular Deposit Base
Granular Deposit Base A strength of our franchise is our well diversified …with limited concentration and granular customer deposit base… base providing a stable source of funding Consumer Deposits(1) ~69% of Total Deposits are FDIC Insured $3.9 billion at 3/31/25 Total Franchise Customer Base 46 ~1
Slide 15: Strong Liquidity and Securities Portfolio
Strong Liquidity and Securities Portfolio ($ in millions) Liquidity Position Highlights Cash and cash equivalents $421.3 million, down by $141.8 million, or 25.2% from Securities portfolio duration: 4.7 years; net of hedges: ~4.5 years 4Q24 primarily due purchases of securities and lower balance
Slide 16: Unguaranteed Government-Guaranteed Exposure Represents 6.1% of Total Loans
Unguaranteed Government-Guaranteed Exposure Represents 6.1% of Total Loans ($ in millions) On Balance Sheet SBA 7(a) & USDA Loans Highlights ($ in millions) $ Balance % of Portfolio One of the top SBA and USDA lenders in the United States Unguaranteed $395.4 5.6% Top Illinois SBA 7(a) lender for
Slide 17: Financial Summary
Financial Summary As of or For the Three Months Ended (dollars in thousands, except per share data) March 31, December 31, March 31, 2025 2024 2024 Income Statement Net interest income $ 88,216 $ 88,524 $ 85,541 Provision for credit losses 9,179 6,878 6,643 Non-interest income 14,864 16,149 15,473 N
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of or For the Three Months Ended March 31, December 31, March 31, (dollars in thousands, except per share data) 2025 2024 2024 Net income and earnings per share excluding significant items Reported Net Income $ 28,248 $ 30,320 $ 30,440 Significant items: Impairment charges
Slide 19: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended March 31, December 31, March 31, (dollars in thousands) 2025 2024 2024 Adjusted non-interest expense: Non-interest expense $ 56,429 $ 57,431 $ 53,809 Less: Impairment charges on ROU assets — — 194 Less: Merger-related expenses 6
Slide 20: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended March 31, December 31, March 31, (dollars in thousands) 2025 2024 2024 Tangible common stockholders' equity: Total stockholders' equity $ 1,131,078 $ 1,091,497 $ 1,009,049 Less: Goodwill and other intangibles 196,980 198,098 202
Slide 21: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended (dollars in thousands, except share and per share March 31, December 31, March 31, data, ratios annualized, where applicable) 2025 2024 2024 Pre-tax pre-provision return on average assets: Pre-tax pre-provision net income $ 46,6
Slide 22: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended March 31, December 31, March 31, 2025 2024 2024 Tangible common equity to tangible assets: Tangible common equity $ 934,098 $ 893,399 $ 806,916 Tangible assets 9,387,752 9,298,431 9,208,370 Tangible common equity to tangible ass
Slide 23: OX
OX